The President, that's Joe Biden for clarification, announced the release of a million barrels of oil a day from the strategic oil reserves. Normally, this would only be used to step up production if foreign oil sources are disrupted but apparently this President is serious about helping people and is looking for ways to reduce the price of gasoline until it comes back down on the global market. It's doing that, but we have that American tendency to use news like this to make an extra buck.
The President, yes, still Joe Biden, announced a drop in the unemployment numbers to their lowest point since the pandemic, 3.6%, and the private sector creation of 450,000 new jobs.
The Democrats in the House, with very little actual Republican support, passed a bill that would cap the price of insulin at $35 a month. It's higher in the US than almost anywhere else in the world, not because its scarce, but because diabetics don't have much hope of life without it. Republicans once again side with the price gougers, but want to blame inflation on Biden completely.
The President started the week out by not backing down from his statement during his speech in Warsaw. Good for him.
I think we picked the right guy for President in 2020.
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